Common use of Purchaser’s Indemnification Clause in Contracts

Purchaser’s Indemnification. Each Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company and each of the Company’s officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claim, cost, expense, liability, obligation, loss or damage (including reasonable legal fees) of any nature, incurred by or imposed upon the Company which results, arises out of or is based upon: (i) any misrepresentation by the Purchasers or breach of any warranty by the Purchasers in this Agreement, any other Related Agreement or in any exhibits or schedules attached hereto or thereto; or (ii) any breach or default in performance by the Purchasers of any covenant or undertaking to be performed by the Purchasers hereunder, under any other Related Agreement or any other agreement entered into by the Company and/or any of its Subsidiaries and Purchasers relating hereto or thereto.

Appears in 8 contracts

Samples: Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc)

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Purchaser’s Indemnification. Each The Purchaser agrees to indemnify, ---------------------------- hold harmless, reimburse and defend the Company and each of the Company’s 's officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claimclaims, costcosts, expenseexpenses, liabilityliabilities, obligationobligations, loss losses or damage damages (including reasonable legal fees) of any nature, incurred by or imposed upon the Company which resultsresult, arises arise out of or is are based upon: (ia) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, any other Related Agreement or in any exhibits or schedules attached hereto or theretoany Related Agreement; or (iib) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related Agreement or any other agreement entered into by the Company and/or any of its Subsidiaries and Purchasers the Purchaser relating hereto or theretohereto.

Appears in 3 contracts

Samples: Securities Purchase Agreement (New Century Energy Corp.), Securities Purchase Agreement (New Century Energy Corp.), Securities Purchase Agreement (New Century Energy Corp.)

Purchaser’s Indemnification. Each Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company and each of the Company’s 's officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claim, cost, expense, liability, obligation, loss or damage (including reasonable legal fees) of any nature, incurred by or imposed upon the Company which results, arises out of or is based upon: (i) any misrepresentation by the Purchasers or breach of any warranty by the Purchasers in this Agreement, any other Related Agreement or in any exhibits or schedules attached hereto or thereto; or (ii) any breach or default in performance by the Purchasers of any covenant or undertaking to be performed by the Purchasers hereunder, under any other Related Agreement or any other agreement entered into by the Company and/or any of its Subsidiaries and Purchasers relating hereto or thereto.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Omni Energy Services Corp), Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc)

Purchaser’s Indemnification. Each Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company and each of the Company’s 's officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claim, cost, expense, liability, obligation, loss or damage (including reasonable legal fees) of any nature, incurred by or imposed upon the Company which results, arises out of or is based upon: (i) any misrepresentation by the Purchasers Purchaser or any of its Subsidiaries or breach of any warranty by the Purchasers Purchaser or any of its Subsidiaries in this Agreement, any other Related Agreement or in any exhibits or schedules attached hereto or theretoany Related Agreement; or (ii) any breach or default in performance by the Purchasers Purchaser or any of its Subsidiaries of any covenant or undertaking to be performed by the Purchasers Purchaser or any of its Subsidiaries hereunder, under any other Related Agreement or any other agreement entered into by the Company and Purchaser and/or any of its Subsidiaries and Purchasers relating hereto or theretohereto.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Island Pacific Inc), Securities Purchase Agreement (Island Pacific Inc), Securities Purchase Agreement (Island Pacific Inc)

Purchaser’s Indemnification. Each The Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company and each of the Company’s officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claimclaims, costcosts, expenseexpenses, liabilityliabilities, obligationobligations, loss losses or damage damages (including reasonable legal fees) of any naturenature (“Company Losses”), incurred by or imposed upon the Company which resultsthat result, arises arise out of or is are based upon: (i) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, Agreement or any other Related Agreement or in any exhibits or schedules attached hereto or thereto; or (ii) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related 31 Agreement or under any other agreement entered into by the Company and/or any of its Subsidiaries and Purchasers the Purchaser relating hereto or thereto; in each case excluding all Company Losses to the extent occasioned by the gross negligence, willful misconduct or bad faith of any such indemnified person as finally determined pursuant to applicable law.

Appears in 2 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement (TRUEYOU.COM)

Purchaser’s Indemnification. Each The Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company and each of the Company’s officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claimclaims, costcosts, expenseexpenses, liabilityliabilities, obligationobligations, loss losses or damage damages (including reasonable legal fees) of any nature, incurred by or imposed upon the Company which resultsresult, arises arise out of or is are based upon: (i) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, any other Related Agreement or in any exhibits or schedules attached hereto or theretoany Related Agreement; or (ii) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related Agreement Agreement, or any other agreement entered into by the Company and/or any of its Subsidiaries and Purchasers the Purchaser relating hereto or thereto.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Applied Digital Solutions Inc), Securities Purchase Agreement (Applied Digital Solutions Inc)

Purchaser’s Indemnification. Each Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company and Iview and each of the Company’s and Iview’s officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claim, cost, expense, liability, obligation, loss or damage (including reasonable legal fees) of any nature, incurred by or imposed upon the Company and/or Iview which results, arises out of or is based upon: (i) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, any other Related Agreement or in any exhibits or schedules attached hereto or theretoany Related Agreement; or (ii) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related Agreement Agreement; or any other agreement entered into by the Company and/or any of its Subsidiaries Iview and Purchasers Purchaser relating hereto or thereto.

Appears in 1 contract

Samples: Securities Purchase Agreement (Creative Vistas Inc)

Purchaser’s Indemnification. Each The Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company and each of the Company’s 's officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claimclaims, costcosts, expenseexpenses, liabilityliabilities, obligationobligations, loss losses or damage damages (including reasonable legal fees) of any naturenature ("Company Losses"), incurred by or imposed upon the Company which resultsthat result, arises arise out of or is are based upon: (i) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, Agreement or any other Related Agreement or in any exhibits or schedules attached hereto or thereto; or (ii) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related Agreement or under any other agreement entered into by the Company and/or any of its Subsidiaries and Purchasers the Purchaser relating hereto or thereto; IN EACH CASE excluding all Company Losses to the extent occasioned by the gross negligence, willful misconduct or bad faith of any such indemnified person as finally determined pursuant to applicable law.

Appears in 1 contract

Samples: Subordinated Securities Purchase Agreement (TRUEYOU.COM)

Purchaser’s Indemnification. Each The Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company Companies and each of the Company’s Companies’ officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claimclaims, costcosts, expenseexpenses, liabilityliabilities, obligationobligations, loss losses or damage damages (including reasonable legal fees) of any nature, incurred by or imposed upon the Company Companies which resultsresult, arises arise out of or is are based upon: (i) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, any other Related Agreement or in any exhibits or schedules attached hereto or theretoany Related Agreement; or (ii) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related Agreement or any other agreement entered into by the Company and/or any of its Subsidiaries Companies and Purchasers the Purchaser relating hereto or theretohereto.

Appears in 1 contract

Samples: Securities Purchase Agreement (Digital Recorders Inc)

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Purchaser’s Indemnification. Each Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company and its Subsidiaries and each of the Company’s 's and its Subsidiaries' officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claim, cost, expense, liability, obligation, loss or damage (including reasonable legal fees) of any nature, incurred by or imposed upon the Company or any of its Subsidiaries which results, arises out of or is based upon: (i) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, Agreement or any other Related Agreement or in any exhibits or schedules attached hereto or thereto; or (ii) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related Agreement Agreement, or any other agreement entered into by the Company and/or any of its Subsidiaries and Purchasers Purchaser relating hereto or theretohereto.

Appears in 1 contract

Samples: Securities Purchase Agreement (Locateplus Holdings Corp)

Purchaser’s Indemnification. Each The Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company and each of the Company’s officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claimclaims, costcosts, expenseexpenses, liabilityliabilities, obligationobligations, loss losses or damage damages (including reasonable legal fees) of any naturenature (“Company Losses”), incurred by or imposed upon the Company which resultsthat result, arises arise out of or is are based upon: (i) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, Agreement or any other Related Agreement or in any exhibits or schedules attached hereto or thereto; or (ii) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related Agreement or under any other agreement entered into by the Company and/or any of its Subsidiaries and Purchasers the Purchaser relating hereto or thereto; in each case excluding all Company Losses to the extent occasioned by the gross negligence, willful misconduct or bad faith of any such indemnified person as finally determined pursuant to applicable law.

Appears in 1 contract

Samples: Securities Purchase Agreement (TRUEYOU.COM)

Purchaser’s Indemnification. Each Purchaser agrees to indemnify, hold harmless, reimburse and defend each of the Company and each Subsidiary and each of the Company’s its respective officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claim, cost, expense, liability, obligation, loss or damage (including reasonable legal fees) of any nature, incurred by or imposed upon the Company such indemnified party in connection with any third-party claim or action which results, arises out of or is based upon: (i) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, any other Related Agreement or in any exhibits or schedules attached hereto or theretoany Related Agreement; or (ii) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related Agreement or any other agreement entered into by the Company and/or any of its Subsidiaries and Purchasers Purchaser relating hereto or thereto. Amounts payable by the Purchaser under this Section 8.2 are subject to verification by the Purchaser or an independent accountant appointed by the Purchaser and reasonably acceptable to the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Acceris Communications Inc)

Purchaser’s Indemnification. Each The Purchaser agrees to indemnify, hold harmless, reimburse and defend Patients and the Company and each of Patients’ and the Company’s officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claimclaims, costcosts, expenseexpenses, liabilityliabilities, obligationobligations, loss losses or damage damages (including reasonable legal fees) of any nature, incurred by or imposed upon Patients or the Company which resultsresult, arises arise out of or is are based upon: (ia) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, any other Related Agreement or in any exhibits or schedules attached hereto or theretoany Related Agreement; or (iib) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related Agreement or any other agreement entered into by the Purchaser and Patients and/or the Company and/or any of its Subsidiaries and Purchasers relating hereto or theretohereto.

Appears in 1 contract

Samples: Securities Purchase Agreement (Patients & Physicians, Inc.)

Purchaser’s Indemnification. Each The Purchaser agrees to indemnify, hold harmless, reimburse and defend the Company and each of the Company’s officers, directors, agents, affiliates, control persons and principal shareholders, at all times against any claimclaims, costcosts, expenseexpenses, liabilityliabilities, obligationobligations, loss losses or damage damages (including reasonable legal fees) of any nature, incurred by or imposed upon the Company which resultsresult, arises arise out of or is are based upon: (i) any misrepresentation by the Purchasers Purchaser or breach of any warranty by the Purchasers Purchaser in this Agreement, Agreement or any other Related Agreement or in any exhibits or schedules attached hereto or thereto; or (ii) any breach or default in performance by the Purchasers Purchaser of any covenant or undertaking to be performed by the Purchasers Purchaser hereunder, under any other Related Agreement or any other agreement entered into by the Company and/or any of its Subsidiaries subsidiaries and Purchasers the Purchaser relating hereto or thereto.

Appears in 1 contract

Samples: Securities Purchase Agreement (House of Brussels Chocolates Inc)

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